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FOX Business
Nov 2, 2012 4:00pm EDT
have senior vice president and portfolio manager. guys, good to see you both. john, i want to go to you first, usually bears invest in gold. that is one of your suggestions but it was a bad day for gold investors to say the very least. were you buying today? >> yeah we were buying a little bit. i think we obviously got beat up the other day. goldcorp, we think that long term, looks really good for gold and certainly looks good for materials broadly. liz: what looks good for you, mr. hefty? you have a a lot of assets under management. were you out there buying? >> as we look at today we're taking longer term view. we think there will be continued volatility coming into the election. definitely post-election as you go into first quarter next year. there might be better buying opportunities down the road and then definitely what we saw today. liz: you say you waited and will not jump in just yet until you see things settled down just a bit? >> not necessarily settle down. there is room for perhaps a shorter term correction down the pipe as we get closer to the fiscal cliff. you can't forge
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